It is an unfortunate situation which has drawn us to address this issue. We hope that all those effected by theft at the Reichert Celebration are successful in getting their property returned or getting reimbursed by insurance coverage.
Second to good horses, having the right tack and equipment is essential to your success in the show ring. Horses are a huge investment and to protect that investment, many horse owners purchase equine mortality insurance. What many people overlook is insuring their tack and equipment. Not because the tack and equipment aren’t an investment or not worth insuring, but because it is not a very common or well known coverage. We see a lot of cases where people just assume it is covered in their existing policies, when in reality it is only partially covered — or not at all.
Tack and equipment coverage is available. In some cases it can be added to existing policies and in other cases it may require an additional or different policy to get the correct coverage. It can cover your tack and equipment if it is damaged, lost, stolen or destroyed. As with all of your insurance it is important to understand exactly what coverage you have. We understand that dealing with insurance can be an overwhelming and somewhat daunting task, but understanding the details is important.
– Is it covered?
– How much coverage do I have?
– What Perils am I insured against?
– Is it covered while I am away at a show?
Here are some examples of potential coverage nuances that may be associated with Tack and Equipment Coverage
– Reduced limits from Property away from your primary location/residence
– Reduced limits associated with Unscheduled Property
– Replacement Cost “versus” Actual Cash Value
– Business Use Exclusion
– Lock Exclusion
– Property of Others Coverage
– Loss to a Pair, Set or Parts
The aforementioned are general references, coverages can vary greatly within policies and between carriers. You should contact a Professional Insurance Agent who has experience and knowledge in the Equine Field for more details.
Sonora Insurance Group, LLC is a Independent Insurance Agency that specializes in Equine related risks. Our Practice includes Equine Liability, Event Liability, Property Insurance, Auto, Trailers, Equine Mortality and many other Equine Related Exposures. Sonora’s philosophy is centered around “The Right Coverage at the Right Price”. For more information you can contact Equine Specialist Brittany Boyd at [email protected] or Agency Principal R. Paul Hulsebusch at [email protected]… www.sonorains.com or 830.443.4890.
